Big-name hedge funds such as Brevan Howard, Man Group's AHL and Winton are making money for investors despite Europe's deepening debt crisis which has plunged global financial markets into turmoil, Yahoo reports.
As global stocks sank for an eighth straight session on Friday, hitting the performance of many hedge funds, some top managers are profiting from trades such as exposure to gold, which is up 11 percent since the end of June as investors run for safe havens. Funds have also made money shorting European bank stocks and betting against the debt of companies in sectors such as financials, cyclicals and telecoms.
And anecdotal evidence suggests managers have moved away from bets on CDS (credit default swaps) on countries such as Greece, Portugal and Ireland, and are now betting on the next tier of countries, such as Italy, or on countries like France whose CDS are already moving on worries over the euro zone's problems….
Find out more at http://news.yahoo.com/hedge-fund-stars-profit-global-debt-crisis-130610241.html?utm_medium=twitter&utm_source=twitterfeed
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